ADG Wealth Management Group LLC Invests $234,000 in Alerian MLP ETF (NYSEARCA:AMLP)

ADG Wealth Management Group LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,857 shares of the exchange traded fund’s stock, valued at approximately $234,000. Alerian MLP ETF makes up about 0.2% of ADG Wealth Management Group LLC’s portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Alerian MLP ETF during the third quarter worth about $28,000. City State Bank purchased a new position in shares of Alerian MLP ETF during the fourth quarter worth about $40,000. Advisors Asset Management Inc. purchased a new position in shares of Alerian MLP ETF during the third quarter worth about $65,000. Rosenberg Matthew Hamilton boosted its holdings in Alerian MLP ETF by 803.5% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,545 shares of the exchange traded fund’s stock valued at $73,000 after purchasing an additional 1,374 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Alerian MLP ETF by 159.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,570 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 965 shares in the last quarter.

Alerian MLP ETF Trading Up 1.2 %

Shares of AMLP opened at $51.91 on Friday. Alerian MLP ETF has a twelve month low of $44.21 and a twelve month high of $53.24. The stock’s 50 day moving average is $50.79 and its two-hundred day moving average is $48.72. The firm has a market capitalization of $10.68 billion, a PE ratio of 14.01 and a beta of 1.38.

Alerian MLP ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 18th. Shareholders of record on Wednesday, February 12th were issued a $0.97 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change from Alerian MLP ETF’s previous dividend of $0.94.

About Alerian MLP ETF

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.